Signal Report

SIGNAL REPORT			Thursday		27-May-04		05274Q
Options Being Tracked are Shown in The Table Below
					*Directional Gauge*
Hold Call Positions						UP	DOWN
Indicators point upwards.					OEX	8	0
All our AIG indicators are still bullish.					QQQ	10	0
The next goal for the OEX is 550.					DJX	8	0
					SPX	10	0
					MNX	10	0
					Maximum Score is 10
					OEX	Resistance	556
					OEX	Support	532
					OEX	26-May	542.60

Always be ready to take a profit when it shows up.

Hold
OEX TRADE		OPENED	EOD			EOD Status
		25-May	26-May	Change	% Gain	COST	GAIN

OEB GH	JUL 540 CALL	13.00	13.40	0.40	3.08%	1,300.00	40.00

26-May	Wednesday	EOD Summary		24-May	CALL	SIGNAL	05274Q
		Position open	EOD Price			EOD Status
Symbol	Description	25-May	26-May	Change	% Gain	COST	GAIN
OEX	S & P 100	534.04	542.60	8.56	1.60%
OEB FG	OEX Jun 535 Call	7.90	12.30	4.40	55.70%	790.00	440.00
QQQ	NASDAQ TR STOCK	35.16	36.19	1.03	2.93%
QQQ FI	QQQ Jun 35 Call	0.90	1.50	0.60	66.67%	90.00	60.00
DJX	CBOE DOW	99.56	101.10	1.54	1.55%
DHV FV	DJX Jun 100 Call	1.95	2.00	0.05	2.56%	195.00	5.00
SPX	S&P 500 INDEX	1095.40	1114.95	19.55	1.78%
SPT FE	SPX Jun 1125 Call	8.50	10.60	2.10	24.71%	850.00	210.00
MNX	Mini-NDX (MNX) Index	141.40	145.39	3.99	2.82%
MNX OPTIONS ARE NOT TRACKED
					TOTALS	1925.00	715.00
					%GAIN		37.14%


Option Price High for the day			24-May	CALL	Table 2		05274Q
		Position open	*OPTION HIGH*
Symbol	Description	25-May	26-May	Change	% Gain	COST	GAIN
OEX	S & P 100	534.04	542.60	8.56	1.60%
OEB FG	OEX Jun 535 Call	7.90	12.30	4.40	55.70%	790.00	440.00
QQQ	NASDAQ TR STOCK	35.16	36.19	1.03	2.93%
QQQ FI	QQQ Jun 35 Call	0.90	1.50	0.60	66.67%	90.00	60.00
DJX	CBOE DOW	99.56	101.10	1.54	1.55%
DHV FV	DJX Jun 100 Call	1.95	2.15	0.20	10.26%	195.00	20.00
SPX	S&P 500 INDEX	1095.40	1114.95	19.55	1.78%
SPT FE	SPX Jun 1125 Call	8.50	10.60	2.10	24.71%	850.00	210.00
MNX	Mini-NDX (MNX) Index	141.40	145.39	3.99	2.82%

					TOTALS	1925.00	730.00
					%GAIN		37.92%

Explanation of Signal Reports

When signals are generated to open new positions, then the Reports the days following, options are tracked until an exit is indicated. The day after the indicated exit a "FINAL REPORT" will be included which shows gain or loss on the Signal. The Trader may want to pick at-the-money, in-the-money or out-of-the-money options depending on price and volatility. Signal positions can last one day or many days. The Trader should exit positions whenever his personal trading goals have been reached.